REG - Alternative Inc REIT - Result of AGM

Alternative Income REITAnnouncement

12/11/2024 14:00

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RNS Number : 9403L  Alternative Income REIT PLC  12 November 2024

12 November 2024

Alternative Income REIT plc

(the "Company" or "Group")

RESULT OF ANNUAL GENERAL MEETING

 

The Board of Alternative Income REIT PLC is pleased to announce that at the
Company's Annual General Meeting held today, all resolutions were passed on a
show of hands.

 

Resolutions 1 to 10 (inclusive) were proposed as ordinary resolutions and
resolutions 11 to 14 (inclusive) were proposed as special resolutions. The
proxy votes received prior to the meeting were as follows:

 

 Resolution                                                                            Votes For*  %      Votes Against  %     Total votes validly cast  Total votes cast as % of issued share capital  Votes Withheld**
 1       To receive and adopt the audited financial statements of the Company for the  28,662,078  99.97  7,225          0.03  28,669,303                35.61                                          37,794
         financial year ended 30 June 2024
 2       To approve the Directors' Remuneration Report                                 28,253,883  98.73  364,766        1.27  28,618,649                35.55                                          88,448
 3       To re-elect Simon Bennett as a director                                       28,573,746  99.73  77,557         0.27  28,651,303                35.59                                          55,794
 4       To re-elect Stephanie Eastment as a director                                  28,606,746  99.84  44,557         0.16  28,651,303                35.59                                          55,794
 5       To re-elect Adam Smith as a director                                          27,825,746  97.12  825,557        2.88  28,651,303                35.59                                          55,794
 6       To re-appoint Moore Kingston Smith LLP as independent auditor of the Company  28,608,964  99.84  46,177         0.16  28,655,141                35.60                                          51,956
 7       To authorise the Audit Committee to determine the auditor's remuneration      28,659,653  99.97  9,650          0.03  28,669,303                35.61                                          37,794
 8       To approve the Company's dividend policy                                      28,657,453  99.95  13,259         0.05  28,670,712                35.62                                          36,385
 9       To authorise the directors to allot shares                                    28,543,663  99.60  113,224        0.40  28,656,887                35.60                                          50,210
 10      To approve the new investment policy of the Company                           28,347,773  98.99  290,114        1.01  28,637,887                35.58                                          69,210
 11      To authorise the disapplication of pre-emption rights up to 10%               28,288,256  98.75  359,186        1.25  28,647,442                35.59                                          59,655
 12      To authorise the disapplication of pre-emption rights up to a further 10% in  28,378,726  99.09  261,716        0.91  28,640,442                35.58                                          66,655
         connection with an acquisition or specified capital investments
 13      To authorise the Company to purchase its own shares                           28,351,600  98.92  308,112        1.08  28,659,712                35.60                                          47,385
 14      To authorise the calling of general meetings, other than an annual general    28,047,801  97.87  610,502        2.13  28,658,303                35.60                                          48,794
         meeting, on not less than 14 clear days' notice

 

* Any discretionary votes have been included in the "For" totals.

**A vote withheld is not a vote in law and is not counted in the calculation
of the votes for or against a resolution.

 

Every shareholder has one vote for every Ordinary Share held. As at 12
November 2024, the share capital of the Company consisted of 80,500,000
Ordinary Shares of £0.01 each with voting rights. The Company does not hold
any shares in Treasury.

 

The full text of all the resolutions can be found in the Notice of Annual
General Meeting dated 8 October 2024, a copy of which is available on the
Company's website
at https://www.alternativeincomereit.com/investors/reporting-centre/
(https://www.alternativeincomereit.com/investors/reporting-centre/)

 

In accordance with Listing Rule 6.4.2 copies of all the resolutions passed,
other than ordinary business, will be submitted to the National Storage
Mechanism and will shortly be available for inspection
at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

ENQUIRIES

 Alternative Income REIT PLC
 Simon Bennett - Chair                                  via H/Advisors Maitland below

 Martley Capital Real Estate Investment Management Ltd  020 4551 1240

 Richard Croft

 Jane Blore

 Panmure Liberum Limited                                020 3100 2000
 Alex Collins
 Tom Scrivens

 H/Advisors Maitland (Communications Advisor)           07747 113 930 / 020 7379 5151
 James Benjamin                                         aire-maitland@h-advisors.global

 Rachel Cohen

 Billy Moran

 

The Company's LEI is 213800MPBIJS12Q88F71.

 

Further information on Alternative Income REIT PLC is available
at www.alternativeincomereit.com (http://www.alternativeincomereit.com/) (1).

 

(1) Neither the content of the Company's website, nor the content on any
website accessible from hyperlinks on its website or any other website, is
incorporated into, or forms part of, this announcement nor, unless previously
published on a Regulatory Information Service, should any such content be
relied upon in reaching a decision as to whether or not to acquire, continue
to hold, or dispose of, securities in the Company.

 

NOTES

Alternative Income REIT PLC aims to generate a sustainable, secure and
attractive income return for shareholders from a diversified portfolio of UK
property investments, predominately in alternative and specialist sectors. The
majority of the assets in the Group's portfolio are let on long leases which
contain index linked rent review provisions.

 

The Company's asset manager is Martley Capital Real Estate Investment
Management Limited ("Martley Capital"). Martley Capital is a full-service real
estate investment management platform whose activities cover real estate
investing, lending, asset management and fund management. It has over 40
employees across five offices in the UK and Europe. The team manages assets
with a value of circa £900m across 19 mandates (at 30 September 2024).

 

 

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